Government Housing Bank (GHB) has asked the government to take action to boost the property market, as the second quarter market has signed to drop by up to 30 per cent due to the BOT’s loan-to-value measure that kicked in on April 1, the bank’s president Chatchai Sirilai said

MOST OF the top 10 listed property firms show strong total revenue and net profit growth in the first quarter of this year compared with the same period of last year, largely due to most homebuyers speeding up the transfer of their residential units before measures by the Bank of Thailand to reduce the loan to value ratio come into effect on April 1, 2019.

J Fintech has teamed up with Humanica, Deepsparks and J Ventures to offer personal loans via a digital platform, chief executive officer Kitipat Chollavuth said, adding the company expects to offer Bt180 million to 15,000 borrowers by the end of this year.

DEMAND for detached houses and townhouses are expected to rising despite the loan-to-value (LTV) measure coming into effect, as this market sector experiences real demand, according to a survey by property agency Plus Property Co Ltd.

TO BOOST second-quarter sales, property firms are launching promotion campaigns to resell residential units that could not be transferred to buyers refused bank loans after the Bank of Thailand (BOT)’s loan-to-value or LTV rule went into effect on April 1.

Indorama Ventures Public Company Limited (IVL), a global chemical producer, led by Aloke Lohia, centre, Group Chief Executive Officer, has clinched Thailand’s first green loans from Yasuhiro Kubota, fourth from right, General Manager of Japan’s Mizuho Bank.

Deputy PM General Prawit Wongsuwan has instructed the Internal Security Operations Command (Isoc), police, Army and related administrative officials to proceed with the implementation of a well-rounded solution to the problem of people reeling under huge debts after falling victim to unfair contracts with loan sharks.